Government

In a release, the Bureau clarified several forbearance-related provisions in the Act.

The Federal Reserve also announced that it intends to increase its holds of mortgage-backed securities over the coming months. Click through to read more.

Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company has announced Jay Bryson has been named Chief Economist for its division, effective immediately.

Appearing before the Senate Banking Committee, HUD Secretary Ben Carson and FHFA Director Mark Calabria discussed how far COVID-19 relief has gone for homeowners and servicers.

The Week Ahead will also feature statements from the Federal Open Market Committee and the latest on housing affordability.

Seth Appleton, the Principal EVP of Ginnie Mae delves into the purpose and future of Ginnie Mae’s Pass-Through Assistance Program.

The new mortgagee letter reverses the Administration's current policy that says loans in forbearance are not eligible for insurance.

The Bureau issued three items related to the transition from the London Interbank Offered Rate.

Acting Comptroller of the Currency Brian P. Brooks has expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system.

Former Freddie Mac CEO Don Layton discusses some of his biggest concerns for the mortgage market, and how the government is handling liquidity issues.